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FOX News
Dec 5, 2012 3:00pm PST
the waiting game to see if country and the president take the economy off the fiscal cliff, president obama says he will not play the debt ceiling game again. but he is taking a few more shots in the public relations game. turning the screws on republicans, a little bit more. chief white house correspondent ed henry starts us off tonight. >> reporter: finally the blame for stalled budget talks on republicans, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own meeting with small business ow
FOX News
Dec 6, 2012 2:00pm PST
, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree but for different reasons. fiscal cliff is a horrible med fore. i means the high grade leftism. what you get are massive cuts in defense. and higher taxes. that means the government expands without improving the one thing that works. so you are feeding obese fat man called the government who still isn't doing any good. what they are doing is blackmailing us. president obama is blackmailing saying if you don't do this, if you don't raise taxes on 2%, this is what will happen. >> eric: can i take issue with that? what if we don't go off the fiscal cliff? we are about sequ
FOX News
Nov 30, 2012 3:00pm PST
the fiscal cliff is. move a lot of the damage to the economy on january 1. let's go ahead and pass that. we can debate the upper income taxes and the spending later. it's not implausible, you can make a sophisticated argument why it's a mistake but as a first blush argument the president has the advantage. >> bret: juan? >> i think that you are starting to see much of the posturing and the poxing and the -- positioning and the democrats and president have advantage and trying to take advantage of it. you see it from the polls that come out and most people blame republicans if there is to deal. right now just what you saw from speaker boehner. speaker boehner says the president is asking for $1.6 trillion in terms of added revenue. boehner has come out and said he will do a deal with $800 billion, which is what the president was asking for before. what you have is the outline now, the early outlines of some in between spot where they could in fact find middle ground. then you have the democrats trying to put pressure on the republicans to name their own cuts. where would you cut in addition
FOX News
Nov 28, 2012 4:00pm PST
the fiscal cliff? >> everybody agrees. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price. plus, they are some of the biggest names in baseball. bonds, clemens, sosa. all three tainted by accusations they used performance enhancing drugs. but should that keep them from cooper's town? tonight, the great debate over baseball's hall of fame ballot but first from fox this wednesday night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make
FOX News
Nov 30, 2012 10:00am PST
back in place. it depends on how much you think going over the fiscal cliff will affect the economy. others say it will be devastating and others say it will be back. it depends on where you stand when you are making these sort of analyses. megyn: it feels like we are left with the economy -- with people's livelihoods and growth in the country and salaries and unemployment benefits. we are just left. both sides are accusing the other of being the untethered risk taker. last night speaker boehner made remarks demanding leadership on the president. here he is. >> this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adults leadership. megyn: is there a political risk to the president? is there a political risk to him in looking a little too bashful little too smart, as they say, when it comes to this game? >> sure, there are political risks all around for both sides. he saw the president today. he has been doing this and will be doing more of it. trying to clean outside game and put pressure on and make the public put pressure on members o
FOX News
Dec 5, 2012 8:00am PST
house at the business roundtable about the economy. fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so let's begin with the violence that is appearing to really spiral out of control. secretary of state hillary clinton says she fears a desperate president bashar al-assad in syria may resort to using chemical weapons on his own people. in the meantime, the united nations is hint thag there wil hinting that there will be no asylum for bashar al-assad as the syrian dictator makes it clear that he will die before leaving the country under any circumstances. what is going on behind the scenes, for that we turn to corn powell following all the latest developments from our mideast bureau in jerusalem. connor. >> reporter: the international and inte
FOX News
Dec 2, 2012 11:00pm PST
should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game? what is their thinking as to how they are going to work their wil
FOX News
Nov 28, 2012 9:00pm PST
fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the door, what are we going to do with it? >> sean: they've already spent it. >> that's so true. it's already spent. >> anytime they raise more taxes, more revenue coming in, they spend it. the beast of government is ravenous. they never cut back. you're exactly right, sean, the real fiscal cliff is when the laws of economics kick in, which they will inevitably do, they have to do, because it can't go on like this. you see the results of hitting the wall in greece, in spain, i3 italy. it will happen here. unlike the european countries, there's nobody to bail us out. >> sean: how much debt could we realistically take on befo
FOX News
Nov 29, 2012 7:00pm PST
, we go off the fiscal cliff, what does it mean for you? >> we know the economy needs to grow at 3%, probably closer to 4% or better in order to create new jobs, to make up for the increase in population. right now our unemployment rate has been unacceptablebly hi-fi longtime, around 7.9%. unless the economy is growing, you're not creating the jobs necessary to bring the unemployment down. if we go off the cliff, the economy will quit growing as fast, as a matter of fact going into negative growth or recession. a lot of people will be put out of work and no new jobs being created because of the uncertainty of the eoonomy. >> greta: why do you think the president would want us to go off the fiscal cliff? why do we have the brinkmanship? >> he sees this as ultimate leverage. i think he also thinks he got a mandate from the election, which he's mistaken about. we got exactly the same after the election as we had before, which is decided government, which to means the american public trust neither political party to have all the answers. last time we had the president's party in comple
FOX News
Dec 4, 2012 12:00pm PST
the fiscal cliff will not just impact the national economy but have a lot of impact on state and local economies, as well, and their state budgets, et cetera. the president, though, is standing firm. and jake carney saying unless the republicans give in on tax rates and raise the bush tax rates on the rich, there is no deal and the president is willing to go off the cliff. they hammered speaker boehner's proposal. >> we don't know who pays. we don't know what we are talking about in terms actual legislation to increase revenues it is magic beans and fairy dust. >>reporter: it doesn't sound like they are ready for a compromise. he said they do not take speaker boehner's proposal seriously enough to offer a counterpropsal so the white house believes the ball is still in the republicans' court. >>shepard: but speaker boehner has moved, if shiply and if for the first time in public but he has moved. >>reporter: he has. he is not willing yet, not yet, anyway, willing to raise tax rates. in speaker boehner's proposal he put revenue, tax revenue of $800 billion on the table. you her the white
FOX News
Dec 1, 2012 1:00pm PST
one month until the economy is set to go off the fiscal cliff. trading fire over looming tax hikes and spending cuts that threaten to plunge the economy into recession. affecting the lives of every single american. hello, everyone. i'm heather childers. welcome to another hour of america's headquarters. >> gregg: i'm gregg gregg jarrett. president obama is promoting his so-called balanced approach. republican leaders say the president's plan leaves the budget talks at a stand still. >> we've got some agreements about the high end tax cuts. republicans don't want to raise taxes on folks like me. i think i can pay a little bit more. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it was not a serious proposal. so right now we're almost nowhere. >> gregg: steve centanni has more. >> the two sides taking verbal pot shots, but not really coming to any kind of agreement adds the clock continues ticking. the president hit the road yesterday using a campaign style appearance in pennsylvania to appeal directly to the american
FOX News
Dec 6, 2012 8:00am PST
over the fiscal cliff that that would have a negative impact on the economy, he would say rather that by bringing the deficit down, by having the prospect of lower inflation in the future, that will be good for interest rates and that would be good for the economy in the coming years. jenna: what would he say to those american citizens, though, that say, listen, over the fiscal cliff, i'm afraid of that, i don't even want to entertain the possibilities of what that would look like. >> i think when it comes to issues such as the extension of unemployment benefits, social security, medicare, freidman would have argued that it's the better course to cut spending in those areas now rather than defer indefinitely on making real spending cuts. the current agreement was hammered out in august of 2011. what typically happens is that spending cuts are promised in the future, but they never materialize, the taxes are raised anyway. that is exactly what would happen under this circumstance, taxes would be raised, spending cuts would be promised in the future but when that deadline is reache
FOX News
Dec 1, 2012 4:00pm PST
shrink. on january 1 . we go over the so-called fiscal cliff. and massive government spending cuts. >> and some people fear going off of the cliff could cost thousands of jobs and push our fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the american people. >> it is unacceptable for republicans to hold middle class tax hostage because they refuse to let them go up on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress coul
FOX News
Dec 1, 2012 10:00pm PST
they want to go into a fiscal cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we didn't get, certainly overwhelming evidence. >> he is a member of the senate foreign relations committee which would consider the confirmation of ambassador susan rice if the president were to nominate ambassador rice to succeed hillary clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. the administration has put her there. there are unanswered qu
FOX News
Dec 2, 2012 2:00am PST
and they said unless republicans break the no-tax pledge they want to go into a fiscal cliff. they believe there will be a short recession and at the end of the recession the economy will go sky high and people well railize that big government is good soup. they believe that use, you have a twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> we knew that those with ties to al qaeda were involved in the attack on the embassy issue and clearly the information given to the american people was wrong. and in fact ambassador rice said today it was wrong. >> we are significantly troubled by the answers we got and we
FOX News
Nov 29, 2012 3:00am PST
disasters. we don't need to navigate the fiscal cliff. that will hurt the economy. when the economy is bad, less people travel commercially for leisure, less people send packages. it hurts us and again, razor thin profit margin, we need a good economy, we need the economy good overt long haul. it's good for business. >> gretchen: do you think they were actually listening to what you had to say? >> i think they were. >> gretchen: really? >> yeah. i think it was a good discussion because the business radio he said were talking about what the impact of going overt cliff would be and also with a it would be down the line. >> gretchen: but so much, nick, of what's been discussed in the press is only about increasing taxes. you just got done talking about the fact that a stool falls over unless you have the other legs there. did you get the sense in these insider talks that people are actually going to take on entitlement reform? >> i think behind the scenes talk, yes. right now there is a lot of public posturing going on and that, i think, i personally think that's a problem because in the nego
FOX News
Dec 3, 2012 10:00am PST
. so the question is is the president serious about avoiding the fiscal cliff. we know pain in this country is bad on the economy. it would only broad and deep fn we hit a double dip recession. is the president serious about avoiding that cliff and if not, why not. i think some people are wondering -- megyn: do you think it is a matter of principle for the president? chris fire walt cam -- chris stt with a piece to say it's an ideological commitment on the part of the president to make the rich pay more and to give others more. for him it's an ideological mission to take the money from high income and give to it people who don't have as much. >> i agree with chris he said that. that's what he wants to do. but the curious part to me is you had quite a few lawmakers on the republican side of the isle start t --side of the aisle stao crack. they are willing to come to table and play ball. but the president is on the campaign trail and upping the states with totally ludicrous suggestions and plans like the one if you can call it that, the one he put out last week which is totall
FOX News
Dec 5, 2012 6:00pm PST
't have a fiscal cliff. >> we fell off of it. >> yes, we did. >> is it a dangerous cliff? >> it seems to be. >> how do you feel about it? >> i'm a middle class woman. what do you think. >> so is the president on the naughty or the nice list? >> he's definitely naughty. >> what is he getting for christmas? >> nothing from me. >> i don't know whether to laugh. >> sean: i'm crying. >> first of all, it's a reminder how extraordinary ronald reagan was that when he took a topic, he explained it to the country in oval office addresses where half the country with tune in because they took the president seriously. we now have an entertainment president who operates and who won the election operating at the level of entertainment and he has dealt with this entire issue at the very shallow level, and so nobody knows what it's all about. i think this is part of why when i see polls, i don't pay any attention to them right now. it's kind of like you go out to people and say would you like to tax somebody else? okay. >> sean: i'm polled out. >> the average american is polled out. >> sean: you have
FOX News
Nov 30, 2012 2:00pm PST
book dentist appointment or pull a hamstring and let him get his way and own the fiscal cliff debacle. >> eric: it's not a bad call. this could be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one
FOX News
Dec 1, 2012 10:00am PST
. >> i was. >> thanks. >> as washington continues to wrangle over the fiscal cliff, there's one on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. ♪ >> welcome back. got a developing story to talk to you about out of syria right now he where the country's internet service is reportedly back on following a two day nationwide blackout as syrian rebels make a strategic push for, con
FOX News
Nov 30, 2012 8:00am PST
. and provides a 6-point explanation to back it up. is the economy headed for that fiscal cliff? is all of this negotiating dead in the water? let's bring in our panel. monica crowley, radio talk show host and author of monomemo.com. jewelry roginsky former political advisor to senator frank lautenberg of new jersey. both fox news contributors. you say the president is not interested in compromise at all? >> no. i have just wrote a whole book about this called, what the bleep just happened. i traced first four years of his presidency. anytime he proposed a economic proposal or physical proposal it contained the exact same elements, which is tax hikes, more spending, not less, no entitlement reform and pushing up the debt limit as far and as fast as possible. this should come as no big surprise here. it is not a big mystery who this guy is. a pure leftist ideologue who will not compromise. jon: julie, he ran a platform saying let's raise the two top tax rates in this country. if he did that would raise $850 billion in revenue. he is asking for a trillion six. he is asking for twice what
FOX News
Dec 6, 2012 3:00am PST
that, a lot of dough being thrown around. >> brian: how much do you know about the fiscal cliff? >> it reminds me about something i probably learned in school. but some type of cliff, the economy going pow. >> isn't that the government? this is embarrassing. >> brian: how many people really know what it is and what it means? we hit the streets. >> steve: indeed, and bob costas and his no spin zone to defend his half time gun control rant. what did he say and what does former nfl player think? he will join us live to react this hour. "fox & friends" hour two for thursday starts right now. >> gretchen: i thought the same thing that scarlet johansson was in times square answering ainsley's question. i thought what, a lucky day for steve and brian that yesterday they would have petra and today scarlet. >> brian: and the day before, victoria secret models. >> gretchen: what a week! >> steve: one of the young people when did respond said fiscal cliff, that sounds like something i probably studied in school. no. this is new. this is something that they've just fresh baked up for us. >>
FOX News
Dec 4, 2012 8:00am PST
are willing to make sure we don't go over this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital being treated for bronchitis and a lingering cough. we told you about that last week when we first found out that
FOX News
Dec 2, 2012 9:00am PST
he cannot promise we won't go off the fiscal cliff. speaker boehner says he is doing everything he can to avoid the cliff but acknowledged that there is a chance we will in fact go over the edge. >> thank you. >> shannon: now if the country does go over the fiscal cliff marx worry there could be cutback to entitlement programs like social security and medicare and programs that the government uses to keep you healthy. joinings now, registered nurse and republican congresswoman from tennessee diane black. former california insurance commissioner, democratic congressman john giramendi. welcome to you both. >> good morning. >> thank you for having us. >> shannon: something to keep an eye on the issue of doctor reimbursement fee under medicare. if nothing happens those will drop by 27%. come january 1. we know ra lot of doctors are limiting the number of medicare patients they will take in. if they don't get the numbers up what happens next? >> this is why we need reform over medicare. we know we are not going to cut doctors by 27%. if we were to do that, there would be no access for s
FOX News
Nov 29, 2012 8:00am PST
the fiscal cliff. but without spending cuts an entitlement reforms it will be impossible to address our country's debt ace crisis and get our economy growing again and create jobs. right now all eyes are on the white house. our country doesn't need a victory lap, it needs leadership. it is time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i will take a few questions. >> speaker boehner, why would you not tell democrats what spending cuts you would like to see -- [inaudible] >> it has been very clear over the last year-and-a-half. i've talked to the president about many of them. you can look at our budget. where we outline very specific proposals that we passed in last year's budget and the budget from the year before. we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> [inaudible]. >> listen, i'm not going to get into the details but it is very clear what kind of spending cuts need to occur but we have no idea what the
FOX News
Dec 3, 2012 6:00am PST
's economy goes over the so-called fiscal cliff. the white house and congressional republicans said to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we
FOX News
Dec 3, 2012 12:00am PST
speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the president put on the table? >> i was in complete shock. it has nothing to do with reality. if you look at the president's propose to raise taxs and 50 billion more in stimulus spending and want to extend 99 weekings of unemployment benefits which is it a 30 billion a year . the other thing that troubling is that the president wants his own control of raising the debt ceiling . so i don't think we have a president that is serious about getting the debt under control and deficit and government spending under control especially when you understand that we have ha and post office in trouble. we continue to get closer to the fiscal cliff. i think that the president should take a case study and look at calvin coolige and john f. kennedy when they went in and low
FOX News
Dec 4, 2012 6:00am PST
in that direction? >> look, republicans are willing to make sure we don't go over this fiscal cliff, but at the same time don't harm this economy. what has to happen here, the president shows a little leadership, we're willing to sit in the room, we're willing to get this done. that's why you saw a proposal that's reasonable, that meets his criteria, that sets out -- martha: all right, well, let me ask you this then, congressman. in your proposal there are some changes to medicare in terms of increasing the age of eligibility. if the white house were to come back and say we would go along with some of those changes, which they in the past i should point out and as you well know have said that's not imoacial, if they were willing to do that, would you be willing to give them tax revenue which they seem to be, you know, committed to getting? it doesn't, the way they want it isn't in increased tax rate. is that a negotiation if those two things were to happen? >> understand what's transpiring here. the president said on the campaign trail he wanted 800 billion in revenue. we're providing him 800 billio
FOX News
Nov 30, 2012 3:00am PST
to take americans over the fiscal cliff. >> this is a thelma and louise crowd and want higheraxes and bigger government regardless of the impact on jobs and economy and america's standing in the world. >> gretchen: who could the fiscal cliff jumpers be. matt is editor in chief of the washington weekend. he's my guest. good morning. >> good morning. >> gretchen: who wants to go off of the cliff and die. >> buckle your seat. important senator is patti murray in charge of the democrat campaign committee. she got put in the position thinking it was not a good year for democrats and she turned into one. that gave her clout in the democratic caucus. when she gave a speech saying we could make a more liberal deal if we go off the cliff democrats started listening. >> gretchen: senator harry reid want to go off the cliff. >> he's playing the double game. he want to look like a deal make yer support the president. but so many democrats have a strange idea of compromise. it is all right. give me everything and i will do nothing. what we are seeing from the democrats, republicans you cave on
FOX News
Dec 3, 2012 2:00am PST
's point man in fiscal cliff negotiations took to five sunday talk shows to make the administration's case. >>> we think that's a very good set of proposals that's what is good for the economy. if they have got different suggestions twhaent to go further in some areas they should lay it out to us. >> the president's plan called for $1.6 trillion in new taxes over the next decade mostly with the wealthy. those would be sure. less sure the promised spending cuts republicans say might never actually happen. the government takes more money through the tax hikes but spend more money. making the debt even higher. >> i am flabbergasted. i looked at him and said we can't be serious. we have put a serious offer on the table to put revenues up there to try to get the question resolved. the white house responded with virtually nothing. >> they have a plan republicans lack specific. one thing that appears to be a nonstarter is the white house proposal to give the president broad new authority to almost unilaterally raise the nation's debt limit without the kind of congressional over site currently in
FOX News
Dec 4, 2012 3:00pm PST
the nation fall off the fiscal cliff. >> republicans need to acknowledge reality here. rates have to go up. earlier in the presidency, obama warneded it could hurt the economy. >> the nation is no longer in recession. and american manufacturing contracted in november for the first time in three months. the president is concerned enough that he proposed tens of billions in new stimulus spending in the debt talks. >> what is the justification for raising taxes? >> the fact of the matter is that it's vitally important that we extent and the president's view make permanent tax cuts for 98% of the american people. >> the president would like to see it done tomorrow and would sign it right away. >> they will put for ending deduction and closing loopholes. >> republicans move a great deal. who was the first person after the election was the speaker who went down and provided the re-knew. >> they blasted the proposal to limit deductions to tell bloomberg television it's unrealistic. >> that means every hospital and university and non-for profit, the agency. across the country would find themselves
FOX News
Nov 30, 2012 6:00am PST
to the fiscal cliff. they gave themselves a ton of time to work this out. what would happen to the economy if a deal similar to the president's plan were to go into effect? fox business network stuart varney joins me right now. you listen to nancy pelosi. they made all kinds of painful concessions in order to just even put this first plan out there. melissa: look you put in place a plan like the president has proposed and it is a recipe for real economic trouble, maybe even a recession. martha, just for a second, take the politics out of this. consider where we're starting from. we have 8% unemployment, very slow growth and we have 3.5 billion added every day to our national debt. if you impose this massive tax increase and take away any restraint on the government borrowing of new money you're looking at potential higher unemployment, that the real danger you have runaway borrowing and set up what is called a debt crisis at some point in the future. this plan or anything like it, if it is imposed january the 1st is very bad news for the economy. martha: you know, democrats say republicans
FOX News
Nov 30, 2012 2:00am PST
. >> speaker of the house john boehner giving his take on the lack of progress made in the fiscal cliff talks. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a balanced approach and they want to raise revenue without killing jobs and they are going public with their frustrations. >> i am disappointed in where we are. i am disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its job t
FOX News
Dec 4, 2012 2:00am PST
and the fiscal cliff is past approaching. >> thank you very much. we are going to keep with the fiscal cliff and take a look at who is talking. charles krauthammer weighing in on the negotiations. the approach on the president and democrats didn't about the economy at all but rather about politics. >> i am not serious at all about entitlements. the president himself said that's where the money is. on social security he denied there is any effect on the deficit at all. durbin said social security hasn't added a dime to the deficit. in 2012 it added $160 billion of debt. that is more than a dime. there are 2.5 trillion in the trust fund in social security that will take care of it for 20 more years, 25 more years. that means pieces of paper in the trust fund where the treasury says we will pay you. it doesn't have the money. it spent surpluss in the past. that's a promise from the treasury which is pank ru bankrupt. that is infection but they know it. the republicans are bad guys these are good guys. surprising to me the president wokd get the revenues he wants from de deductions and exclusion
FOX News
Dec 4, 2012 4:00pm PST
a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner have not spoken now in several days. so there is really no signs of progress. there has been some discussion that look that's just happening in public. behind closed doors maybe they are gaining some ground, i have spoken to some top white house officials tonight some top republicans on the hill they say in private they are not making progress either, shep. >> shepard: republicans say they have offered some compromises. >> they have in the sense that speaker boehner with his policy late yesterday put $100 billion in new tax revenue on the table. that was a concession by him but not far enough as you noted for the white house because the white house wants him to not just raise tax reve
FOX News
Dec 2, 2012 8:00am PST
fiscal cliff ahead of us you will see a lot of buyer's remorse around super saturday, the last saturday before christmas. retailers had $3.4 billion in returned fraud last year. so they definitely will be out. and keeping the return policies very strict and stringent this year. >> jamie: so if you get something you want; particularly, with the gift cards, which i understand will be stricter this year. can you maneuver us around the system? can we bend the rules a bit? is it negotiable? >> everything is negotiable. that is the number one rule. especially when it comes to returns, it's in the execution. so get to the store early. don't come at lunchtime. have your gift, whatever you want to return ready to go. you know, know the receipts. keep the tags on. when all else fails just, you know, pony up to the manager and tell them exactly what is going on and what you want. you will be surprised what you can get out of the simple negotiations. >> jamie: sometimes you get someone at the counter and they flat lisa nope. if the manager comes over, what is being kind and being nice helps. but is
FOX News
Dec 3, 2012 9:00pm PST
a period. there will be some panic and moaning and groaning, but first of all, the fiscal cliff is not a real cliff. it's a slope. and you're going to get the biggest bank for the buck in terms of deficit reduction. i think the economy can stand it. yes, we will go into two quarters of recession the cbo says, and i believe that. we're in deep trouble here. somebody's going to have to pay the bill. it's going to have to be all of us. >> joining me with more on all of this, patrick j. buick as well as former clinton special counsel davis. the president campaigns on $800 billion in new taxes. he now wants 1.6 trillion. he wants twice the amount, lanny. he wants a blank check and congress to give up its authority as it relates to money and say no, no, let me raise the debt ceiling any time i want. he wants 150 billion in new stimulus but no entitlement cuts at all, no spending cuts at all. now that sounds to me like somebody that's not serious. >> i don't know where to begin to correct some of what you just said, but let me at least start with ronald ra reagan. >> tell me where i'm
FOX News
Nov 29, 2012 10:00am PST
. new research on the white house plan to avoid the so-called fiscal cliff is raising concerns about how much the tax hikes can do to keep the economy afloat. the edover an influential financial paper he says america needs to be focused on. a case showing the potential down sides of winning the lottery. we'll detail the case of a man who struck it rich big time, and then was found dead and buried under a concrete slab in someone's backyard. now could the woman accused of stealing his cash and killing him wind up a free woman? "kelly's court" takes a look. >> i would never hurt that man. he knows, everyone knows i would never hurt that man in any way. t from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a
FOX News
Dec 2, 2012 5:00pm PST
the fiscal cliff despite knowing that deadline was looming, the president never presented a plan until this week and the reception on capitol hill was, to say the least, chilly. senator mcconnell even laughed at the proposal when it was presented to him. joining me now, florida congressman allen west. colonel, thanks so much for being here. >> thanks, thanks for having me, dana. [applause]. >> what was your reaction when you finally saw what the president was putting on the table? >> well, i was in complete shock because it really has nothing to do with reality. when you look at the president's proposal to raise 1.6 trillion in new taxes, he wants 50 billion more in stimulus spending, he continues to want to extend the 99 weeks of unemployment benefits which will be another 30 billion per year and also, the other thing that was very troubling was that the president wants his own control of raising the debt ceiling. so, i don't think we have a president that is serious about getting our debt under control and getting our deficit, which the federal government spending under control, espe
FOX News
Dec 1, 2012 9:00pm PST
in middle america. if we goi over the fiscal cliff, what happens to me? >> first of all, the way you sellse your house as to do with capital gains. the value ofpi your house might fall, your income taxes go up. the entire economy, business, for example, the markets are going to look at this and worry whether the government can lead. >> i don't have any stocks. let's say i don't care about the market. what does it mean tore me, john doe. >> it means your taxes go up. payroll taxes are higher. >> do you agree with that. >> your taxes go up anyway because obama care kicks in on january 1st. there are more taxes and we'll expire the reduction on social security o taxes. that's going to happen anyway. buctt look. that's not the real issue at stake here. what we have going on with the country thanks to these politicians tearing each other apar ot or fighting as usual, ts last few days is critical. what has happened is the republicans want to step into the trap set for them by the democrats which is as the spider said to the fly, step into my parlor, on entitlements which was the headline in the j
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